The Financial Accounting Standards Board, FASB, is a private, independent organization that since 1973 has been given the authority by the U.S. Securities and Exchange Commission, or SEC, to establish ...

The codification is effective for interim and annual periods ending after Sept. 15, 2009. All existing accounting standards documents will be superseded by the codification, and all other accounting ...

The Financial Accounting Standards Board on Wednesday voted to move ahead with plans for more than 30 tweaks to the Accounting Standards Codification, the source of authoritative U.S. generally ...

Less than half the CFOs polled in a recent survey by Grant Thornton were aware of the Financial Accounting Standards Board s Accounting Standards Codification project, which is set to become the ...

Accounting research has changed dramatically, shifting CPAs to an online tool for searching and referencing U.S. GAAP. On July 1, the FASB Accounting Standards Codification (ASC) became the single ...

Banks transitioned to using the Secured Overnight Financing Rate-based benchmark after LIBOR was phased out in the wake of a ...

FASB recently made the first of several scheduled maintenance updates to its Accounting Standards Codification as part of an effort to simplify the codification’s structure. No guidance will change as ...

The Financial Accounting Standards Board recently introduced a significant update to the accounting standards for certain crypto assets, like bitcoin. This update, known as the Accounting Standards ...

Businesses today are operating in an unprecedented time of change, forcing organizations to drive results while also navigating an increasingly complex marketplace. One such important change is with ...

The Financial Accounting Standards Board last week issued an exposure draft of a proposed accounting standards update that ...

Nonprofit organizations are entities that perform charitable services by accepting funds from the general public. To help regulate activities and encourage the proper use of funds, accounting ...

Lease accounting is becoming more complex and detailed for private companies and not-for-profit entities. Business valuations may also be impacted by the new standard. Effective in fiscal years ...